Swelect Energy Delays Dexler Solar Acquisition, Approves ₹5.5 Cr Solar Investment

Swelect Energy Systems Ltd announced that its Board of Directors has decided to keep the proposed acquisition of Dexler Solar Park Phase 1 Private Limited in abeyance. The company also approved an additional investment of up to ₹5,51,79,000 in its wholly-owned subsidiary, SWELECT Sunpower Plus Private Limited, for setting up a 5 MW solar power plant in Karnataka. This investment will change the subsidiary's status from wholly-owned to a subsidiary, with Swelect's shareholding reducing to 86.10% post-investment. The Board also approved the Unaudited Financial Results for the quarter ended June 30, 2026, and took note of the Cost Audit report for the year ended March 31, 2026.